Qatar Airways Ltd. said it jointly negotiated a deal for as many as 250 of Boeing Co.’s new 777 planes with Dubai-based Emirates, putting old rivalries aside to wring maximum value from the Persian Gulf’s growing dominance of the wide-body jet market.
Etihad Airways PJSC continued with its strategy to take stakes in foreign carriers, buying a third of Switzerland’s Darwin Airline SA and re-branding the business as Etihad Regional to help funnel traffic through its hub.
Airbus SAS and Boeing Co. secured record orders on the first day of the Dubai Air Show, with Emirates accounting for the bulk of purchases as it signed deals valued at more than $100 billion for wide-body aircraft.
Etihad Airways, the smallest of the three major Middle Eastern carriers, said it ordered Boeing Co. wide-body aircraft valued at $25.2 billion to build a more fuel- efficient long-distance fleet as it network expands.
Etihad Airways PJSC, the third- biggest Gulf airline, said it will take a 49 percent stake in Serbia’s unprofitable, state-owned Jat Airways as part of a rebranding push that includes a new name and management.
Etihad Airways said growth from codeshare and equity partners raised passenger revenue to a record $1.03 billion in the third quarter as more than 3 million people flew with the third-biggest Gulf carrier.
Etihad Airways plans to intensify its strategy of growing passenger numbers via tie-ups with other carriers, bucking the go-it-alone stance of Gulf rival Emirates, Chief Executive Officer James Hogan said in an interview.